Venture / Private equity

Startup investment in Central and Eastern Europe: A ground-breaking research

Already recognized for their engineering excellence, several countries of Central and Eastern Europe (CEE) are now emerging on the global startup scene. Thus for the past couple of years Belarus, Estonia, Russia, Ukraine and some other countries of the region have seen their local companies assert themselves on the international market, raise considerable funding and/or be acquired …

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Russian messenger CRM startup secures support from public-private fund for international expansion

Softline Seed Fund, a joint investment vehicle formed by the state fund of funds RVC and software publisher Softline, has invested an undisclosed amount in WhatsHelp. Founded in 2016, this Russian startup is developing sales and CRM solutions for mobile messengers and social networks, now available in Beta version. “We have an ambitious plan to …

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Russian sovereign fund RDIF invests in enterprise security software provider InfoWatch

Russia’s sovereign fund RDIF has acquired a minority stake in InfoWatch Group, which includes InfoWatch, Cezurity, Taiga and Attack Killer brands. InfoWatch is a leading Russian vendor of end-to-end enterprise cybersecurity solutions. The company is worth more than $100 million, according to its President Natalya Kaspersky. The funding will help InfoWatch Group “improve the export potential, localize its enterprise cybersecurity …

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Russian OTA Onetwotrip secures $3 million from Bank Saint Petersburg

Moscow-based online travel agency Onetwotrip.com has raised $3 million from Bank Saint Peterburg, the Russian business daily Vedomosti learned last week from company CEO Mikhail Sokolov. The company had previoulsy raised significant amounts from Swedish fund Vostok New Ventures — $4 million in 2015, $2.5 million in H1 2016, and $5.8 million agreed in December 2106. A major Russian bank, Bank …

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Leta Capital injects $1 million in SDN/NFV solution provider Brain4Net

Leta Capital has injected an aditionnal $1 million in Brain4Net, a provider of advanced SDN/NFV solutions, following a previous $1.75 million round last year with co-investor CommIT Capital. The funding, which took the form of a convertible loan, will be used to fine-tune the company’s solutions, develop new products, and enlarge partnerships in Russia and abroad, reports …

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Rusnano prepares to launch Russian-Arabic tech fund

Rusnano is considering to launch a Russian-Arabic direct investment fund, business daily Vedomosti wrote last week, confirming earlier reports. The Russian state-owned nanotech giant has already identified a group of potential investors from the Middle East, Lyubov Timofeeva, Senior Analyst at Business Strategy Department at Rusnano, told the business daily. Vedomosti has learned from an …

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Russian and Belorussian businessmen invest $100 million in AI projects worldwide

The global AI investment fever has hit Eastern Europe with two funds, Larnabel VC and VP Capital, making their first local and international deals under a joint $100 million investment program. Larnabel VC is the venture arm of the Gutseriev family, one of the richest in Russia. VP Capital is the investment vehicle of Belarussian businessman Viktor Prokopenya. Any project types are potentially eligible. “We …

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Bank Saint Petersburg invests in children’s goods online retailer Babadu

The recently created venture arm of Bank Saint Peterburg has made its first investment — a capital injection of 200 million rubles, or some $3.2 million at the current exchange rate — in Babadu, a major online retailer of children’s goods. The news was reported earlier this month by Russian venture blog Firrma.ru based on …

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NFWare secures $2 million to expand in Europe and US

Yesterday NFWare, a startup with Russian roots that develops virtualization solutions for network infrastructure, announced that it raised $2 million from Sistema_VC and its existing investors Almaz Capital, Maxfield Capital, and Telefonica Open Future. “As telecom operators, Internet companies and data centers have to invest continuously to enhance the capacity of their network infrastructure, NFWare offers a technologically elegant and effective solution to reduce the costs …

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Qiwi buys e-CRM startup Flocktory for $14 million

Qiwi, a major, NASDAQ-listed Russian electronic payment operator, is in the process of acquiring Flocktory. Founded in Russia in 2012, this startup has developed a SaaS platform for customer lifecycle management and personalization, and operates internationally from its Moscow and Madrid offices. Based on data collection and analysis, Flocktory’s automated marketing solutions are intended, in particular, for the …

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Qiwi bets on “Russian Robinhood”

In late 2016 QIWI Venture invested an undisclosed amount in Simple Invest, a Moscow-based startup which is developing a mobile trading app. The deal has just been revealed by Russian venture blog Firrma.ru based on exchanges with QIWI Venture. The yet-to-be-released app, dubbed ‘Russian Robinhood,’ will allow Russian users to invest in real time in the Moscow and New York stock exchanges. …

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Abramovich fund invests in UK video advertising startup

LoopMe, a digital advertising firm that uses artificial intelligence (AI) to optimize mobile video advertising, has raised $10 million in a funding round led by Impulse VC and Harbert European Growth Capital. Holzbrinck Ventures and Open Ocean Capital laso participated in the round, reports VentureBeat. Founded out of London in 2012, LoopMe unifies all the popular …

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